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Cheeky Money Saver...
davels
Posts: 109 Forumite
Hi
I've been stupidly paying for PPI on my car finance for the last 2 years - it works at about £21 per month... to my credit, when I purchased the car my company had issued possible redunancy noticies out... so it was quite apt... but anyway. I called up to cancel it last week and they wanted me to pay £80 to do it, they wanted a cheque in the post.
So I sent them a letter saying something to the effect "I am sick of writing you letters requesting you cancel my PPI and my letters being ignored - as advised my your telephone customer services, there is no fee due for this as my previous requests have not been dealt with"
I got a letter back within 2 days saying it had been cancelled with no charge! I was very pleased indeed...
So I'm using that extra money to make real payments in order to get the balance down.........
Worth a try! Some of these car finance companies are a joke; very disorganised and often unprofessional. As long as you don't break the law, taking advantage of their bad company training is worth trying :-)
-dls
I've been stupidly paying for PPI on my car finance for the last 2 years - it works at about £21 per month... to my credit, when I purchased the car my company had issued possible redunancy noticies out... so it was quite apt... but anyway. I called up to cancel it last week and they wanted me to pay £80 to do it, they wanted a cheque in the post.
So I sent them a letter saying something to the effect "I am sick of writing you letters requesting you cancel my PPI and my letters being ignored - as advised my your telephone customer services, there is no fee due for this as my previous requests have not been dealt with"
I got a letter back within 2 days saying it had been cancelled with no charge! I was very pleased indeed...
So I'm using that extra money to make real payments in order to get the balance down.........
Worth a try! Some of these car finance companies are a joke; very disorganised and often unprofessional. As long as you don't break the law, taking advantage of their bad company training is worth trying :-)
-dls
Only Irish coffee provides in a single glass all four essential food groups: alcohol, caffeine, sugar, and fat.
:coffee:
:coffee:
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Comments
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Good for you... well done! :beer:0
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lol i like it and fair play to you!
WillSShhhhhhhhhhhhhhhhhhhhhhh0 -
I like your style - nice one !
Debt at highest £16k+
Debt at lightbulb moment £14,800
Current debt £6336
Cleared £4206 in November 05 How ? Bye Bye PPI0 -
Admire your cheek - can't really criticise you doing this to a finance company, just don't do it to your local shop owner, as that'd be mean (haha)!Personal ISA Contributions Challenge - current £0 (as at 1 April 2014) / target £15,000 (deadline 31 Mar 2015)0
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Indeed. Wouldn't do it to the little man; it's just nice to try it with those rip-off merchants at finance companies (some of them!!)
I'm sure the finance companies would do the same to you......Only Irish coffee provides in a single glass all four essential food groups: alcohol, caffeine, sugar, and fat.
:coffee:0
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